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Norway’s Hydro in $3.2 billion deal for aluminum firm Sapa

Business

Category: Chemicals / Metals

Norwegian metals firm Norsk Hydro has agreed to take full ownership of aluminum products maker Sapa by buying a 50 percent stake from conglomerate Orkla, the companies said on Monday. The transaction values Sapa at 27 billion Norwegian crowns ($3.24 billion) on a debt-free basis. Hydro predicted it would see annual synergies of 200 million […]

Source: Reuters

Published: July 22, 2017


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Exxon, Shell Join Ivanka Trump to Defend Paris Climate Pact

Business

Category: Chemicals / Metals

As President Donald Trump contemplates whether to make good on his campaign promise to yank the United States out of the Paris climate accord, an unlikely lobbying force is hoping to talk him out of it: oil and coal producers.  A pro-Paris bloc within the administration has recruited energy companies to lend their support ahead of […]

Source: Blooomberg

Published: July 22, 2017


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Norsk Titanium Announces Major Contract With Boeing

Business

Category: Airline / Travel

Last July, officials in Plattsburgh announced that Norway-based Norsk Titanium would base its U.S. manufacturing plant in the northern New York city.  The company is the world’s only qualified manufacturer of structural titanium 3D aerospace parts.  This week, Norsk announced that it has secured its first major contract with Boeing. Norsk Titanium says it created […]

Source: Wamc

Published: July 22, 2017


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Yara Annual Report: Positioned for Further Growth

Business

Category: Chemicals / Metals

“The best way to predict the future is to create it,” Abraham Lincoln once said. While we cannot predict the future, we have created a mission to responsibly feed the world, and protect the planet. The next few years will become more difficult than those behind us. In 2016, the fertilizer industry was confronted with […]

Source: Yara

Published: July 22, 2017


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Exxon Mobil Develops Natural Gas Dehydration Technology

Category: Business and Investment News

Exxon Mobil has announced the development of its cMIST technology, which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This “in-line” technology could be deployed at both land-based and offshore natural gas production operations. The new technology, developed and extensively field-tested by Exxon Mobil, […]

Source: World Oil

Published: July 22, 2017


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